Protector Essential

Protector EssentialSM individual disability income insurance is an affordable way to protect your clients' assets after a disabling injury or illness. It is only available in California.

Included in a Protector Essential Policy

The insured's coverage is guaranteed renewable to the policy's termination date1 as long as the premium is paid on time. We cannot change any part of the policy, except for the premium. Even then, we may only change the premium after the policy is three years old and if the change applies to all policies with similar benefits insuring the same risk class.
With the Renewal Option, the policy owner may ask to continue the policy beyond its termination date if the policy owner is working at least 30 hours per week and is not disabled at the time of the request. Certain limitations apply.
The policy pays the basic monthly benefit if the insured is totally disabled. Totally disabled means the insured is unable to perform the substantial and material duties of a regular occupation, and the insured is under the care of a physician and is not working in any other gainful occupation. Regular occupation is the occupation at the time disability begins.
The insured is eligible for the total disability benefit if an injury or illness results in loss of speech, hearing, sight or the use of two limbs, as defined by the policy.
If the insured participates in a rehabilitation program to prepare for returning to work, this benefit can pay for part or all of the costs for up to 36 months. And if the insured returns to work part-time or with limited duties while in the rehabilitation program, the Rehabilitation Benefit can also help the insured to continue to receive the maximum monthly benefit amount.
This benefit pays a residual disability benefit if the insured is not totally disabled but is disabled enough to incur at least a 20 percent loss of income while the insured works but is not able to do all of the duties, or is able to do all duties but not for as long a time or as effectively as before the disability. Included with this benefit is a Recovery Benefit that pays a lump sum amount when the insured returns to work at least 30 hours per week immediately after a period when residual disability benefits were paid.
If the insured dies while receiving total disability benefits, the policy pays the basic monthly benefit to the owner or owner's estate for up to three months after the insured's death.
We waive all premiums due under the policy while disability or recovery benefits are payable.
We pay a monthly benefit if the insured becomes totally disabled more than six months after the policy's effective date because of a sickness or injury caused by cosmetic or transplant surgery.

Optional Riders

This rider allows for the purchase of benefit increases on each policy anniversary until the rider's expiration date, subject only to financial underwriting and policy requirements.
With this rider, the monthly benefit will increase by up to 3 or 6 percent annually while the insured remains disabled, based on changes in the Consumer Price Index. The policy owner also has the option, upon the insured's recovery, of purchasing the benefit increases provided by the rider during the disability. No underwriting is required for this purchase.
We pay an additional monthly benefit if the insured suffers a catastrophic disability that prevents the insured from performing certain activities of daily living, as defined by the policy.

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Contact your General Agent to learn more about Protector Essential.